Government Debt and Retirement

Concerned about heavy government financing by enormous borrowing, the equivalent of printing money, or the need to tax?

An economics basic: Funds for financing business and government are in a Zero Sum game. Funds needed by government to finance huge debt have to displace funds needed by industry. Economists of every stripe concede that. This problem will get worse.

Governments can only overcome the accommodation for extraordinary spending, and the potential problems they will entail, by expanding the economy.

But if the government is heavily taxing while borrowing and literally printing money to balance its budget deficit, it will be curtailing that necessary economic expansion.

You cannot borrow forever without hurting expansion because you crowd out funds required for private business to operate normally. There is bound to be business stagnation.

The only result has to be inflation. The proof of this has been shown over and over, around the world for centuries.